Question

What are two ways in which Cuba has recently reformed its economy?

Options:
a. Market-oriented agricultural reforms
b. Privatization of small businesses
c. Opening up to foreign investment
d. All of the above

Answer 1

Cuba has recently reformed its economy through market-oriented agricultural reforms and opening up to foreign investment.

Step-by-step explanation:

Cuba has recently reformed its economy in two ways:

1. Market-oriented agricultural reforms: Cuba has shifted towards market-oriented agricultural reforms, allowing farmers to sell their produce directly and enter into contracts with businesses. This has increased production and efficiency in the agricultural sector.
2. Opening up to foreign investment: Cuba has opened up to foreign investment, allowing foreign companies to establish businesses and invest in various sectors of the economy. This has brought in capital, technology, and expertise, leading to economic growth.